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To: Voltaire who wrote (1359)1/26/2000 9:06:00 PM
From: r.edwards  Read Replies (3) | Respond to of 35685
 
Volt, I somewhat agree, but I think that it will be over by next wednesday after the Fed raises, and they have taken it down through a few days , maybe next thursday. imho.



To: Voltaire who wrote (1359)1/27/2000 12:54:00 AM
From: Jim Willie CB  Respond to of 35685
 
Volt, I have to emphasize the larger than enormous volume between 10am and 11am as QCOM=120 was supported

I aint saying 120 will absolutely hold

saw a website that showed much larger institutional participation at 120 this morning early

who knows?
maybe institutions will soon exhaust the resources necessary to defend this "line in the sand", which happens to be the 50day Moving Average

I expect continued second round support at 120 again
I havent seen any support this huge in years

we got some significant events on horizon:
next Tues-Wed is the FOMC meeting
Feb 1-4 is France Telecom Expo with Qualcomm presenting their wares
new big vendor customer soon to be revealed (MOT 80%, NOK 20%)

I realize during dislocation times like this, fundamental news is not linked with technical news
if the Houses want to sell, they sell

we will see, CrackerMan
/ Jim